FY26 marked a year of delivery, with strong results, disciplined capital allocation and accelerating Artificial Intelligence (AI) innovation. Prosus delivered across its AI-powered Lifestyle Ecosystem of delivery, finance and experiences, while all regional ecosystems achieved profitability.
The company’s businesses became increasingly interconnected, driving higher engagement, stronger cross-selling and faster network effects. AI now operates at every layer, from agents that manage operations to life assistants that serve customers directly. ToqanClaw, the company’s agentic AI platform, is already available to more than five million restaurant partners and is building the intelligent systems that will define the next phase of commerce.
Highlights
- Ecosystem revenue grew by 57% to US$9.7 billion.
- Ecosystem aEBITDA increased by 84% to US$1.3 billion.
- The company generated a record free cash flow of US$1.5 billion.
- Core headline earnings per share increased by 24%.
- The company returned US$46 billion through buybacks, driving 16 percentage points of NAV accretion.
- Prosus increased its total full-year dividend by 40% to 28 euro cents.
- The company completed US$2 billion of non-core asset sales.
- ToqanClaw, the Prosus agentic platform, became available to more than five million partners globally.
CEO commentary
Prosus is building something fundamentally different, an AI-powered Lifestyle Ecosystem that gets smarter and stronger with every interaction. Eighteen months ago, this was a vision. Today, the integrated ecosystem is a reality, and it’s scaling fast. The more we grow, the greater the opportunity ahead.
Our AI capabilities are live, scaling and delivering real competitive advantage. We are moving from reactive platforms to intelligent systems that predict, personalise and execute, based on proprietary data. The Large Commerce Model, our agentic platform Toqan and our life assistants are changing how our customers and partners experience the digital economy. We said we would deliver results, innovation and discipline. We delivered all three. Prosus is much more than it was a year ago – and we are just getting started.
– Fabricio Bloisi, CEO at Prosus
CFO commentary
FY26 was a landmark year for Prosus. The company delivered strong free cash flow and tripled its ecosystem aEBITDA in two years. The company also achieved profitability across all three regional ecosystems. These results reflect the discipline of our teams and the compounding effect of consistent execution.
Looking ahead, we are deploying capital by investing in iFood and JET to strengthen our food ecosystem, continuing our buyback programme, and actively building Prosus Plus. Our fundamentals are strong, our strategy is clear, and we are confident in our ability to keep delivering value for shareholders.
– Nico Marais, CFO at Prosus
Ecosystem Progress
Latin America (iFood, iFood Pago, Despegar, OLX Brasil and Sympla)
In Latin America, Prosus is building an integrated ecosystem through operations, investments and partnerships. iFood, iFood Pago and Despegar already generate cross-platform synergies, powered by the Large Commerce Model and connected by Life Assistants.
iFood
- iFood expanded its market leadership, growing beyond food delivery, with loyalty, fintech and new categories all gaining meaningful traction.
- Revenue grew 40% (28%), with aEBITDA up 56% (49%) to US$400 million and aEBIT up 58% (51%) to US$358 million.
- Core food delivery grew orders by 8% and GMV by 17% (12%), with Clube loyalty accounting for 45% of total food delivery volume by March.
- iFood Pago scaled strongly, with revenue up 219% (93%) to US$463 million, now accounting for approximately 25% of iFood’s total revenues; aEBITDA turned positive at US$38 million.
- Broader categories (grocery, pharmacy, convenience) continued to scale, with revenue up 34% in local currency, excluding M&A, GMV up 47% and improving aEBITDA margins.
Despegar
- Integration with iFood delivered strong results, with 21% of Brazil’s B2C net revenues generated by iFood customers.
- Gross bookings grew 29% to US$5.9 billion, driving revenue of US$804 million and aEBITDA of US$131 million, with a 16% aEBITDA margin.
- Orders increased by 44%, with Brazil growing revenue at over 40% (29%), outpacing the broader market.
India (PayU + investment portfolio, incl. Swiggy, Meesho, ixigo and Rapido)
The Indian ecosystem is evolving through better execution and acquisitions of high-potential businesses, with new investments in Rapido and ixigo. PayU is increasingly connected across this ecosystem, adding new partnerships and driving measurable cross-platform synergies.
PayU
- Revenue grew 13% (11%) to US$781 million, with aEBITDA turning positive at US$18 million for the first time – a significant milestone.
- Processed US$90 billion of TPV, with payments revenue up (10%) 6% to US$577 million and aEBITDA of US$12 million.
- Credit pivoted to profitability, with aEBITDA of US$6 million.
Europe (OLX, Just Eat Takeaway.com)
With category-leading businesses delivering AI-powered best-in-class consumer experiences, we see huge potential for value creation in this important market.
OLX
- A strong performance across all verticals, with revenue growing 28% (16%) to US$992 million and aEBITDA up 53% (38%) to US$481 million, with an 8pp margin expansion to 48%.
- Motors delivered an exceptional performance, growing revenue 42% (20%) to US$429 million and expanding aEBITDA margins to 59%.
- Real estate showed strong growth, with revenue up 26% (24%) to US$185 million and an aEBITDA margin of 46%.
- Jobs delivered steady revenue growth of 14% (7%) to US$87 million, sustaining a strong aEBITDA margin of 43% despite a challenging market.
Just Eat Takeaway.com
- Operational turnaround focused on three priorities: cultural shift to The Prosus Way, accelerating technology and innovation, and sharpening market focus.
- For the six-month post-acquisition period, JET delivered revenue of US$1.9 billion, aEBITDA of US$83 million and aEBIT of US$8 million.
- Early pilot results in selected cities show order growth of up to 25%, validating the transformation approach.
PROSUS RESULTS
